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$DRV

0x9d0e8f5b25384c7310cb8c6ae32c8fbeb645d083

base·case-20260327-b498·Mar 27, 2026

Market Cap

$87.2M

Price pump of +59.2% detected on Mar 7, 2026

Suspicion Score

0/100
INCONCLUSIVE

Top Suspects

#10x3b18...7662High Balance
buy
Volume: $211.0KTiming: T-0hPnL: -$926.57Win rate: 0.0%
#20x2f24...0122High Activity
buy
Volume: $246.9KTiming: T-0hPnL: $0.0000Win rate: 0.0%
#30x2e32...7d97sanuxo.eth
buy
Volume: $142.9KTiming: T-0hPnL: $135.8KWin rate: +0.4%

High Balance and High Activity share 8 counterparties

Forensic Timeline

T-0PRICE

Price surged 59.2%

$26.8M

T+482hBUY

High Balance High Balance bought $43 on DEX

$42.80

T+482hBUY

High Balance High Balance bought $38 on DEX

$38.40

T+482hBUY

High Balance High Balance bought $33 on DEX

$32.72

T+482hBUY

High Balance High Balance bought $33 on DEX

$33.04

T+482hBUY

High Balance High Balance bought $30 on DEX

$30.22

T+483hBUY

High Balance High Balance bought $39 on DEX

$38.98

T+483hBUY

High Balance High Balance bought $26 on DEX

$25.82

T+483hBUY

High Balance High Balance bought $37 on DEX

$36.69

T+483hBUY

High Balance High Balance bought $39 on DEX

$39.50

T+483hBUY

High Balance High Balance bought $23 on DEX

$23.41

Wallet Connection Graph

Suspect
Funding Source
Exchange
Related

Evidence

Timing Advantage
30% weight0

No suspicious pre-move trading detected

Volume Concentration
20% weight0

Insufficient volume data

Wallet Connections
20% weight70

2 wallets share common counterparties

Smart Money Labels
15% weight50

3/3 suspects are labeled entitys

Profit Magnitude
15% weight20

Top suspect profited $135,794 (0% return)

Intelligence Report

Key Findings

  • No pre-pump advantage: Suspects bought at T-0 hours of +59.2% pump.
  • Two wallets (High Balance, High Activity) shared 8 common counterparties.
  • Top suspect sanuxo.eth showed 0% return on $142.9K volume.

An investigation was launched into the Derive (DRV) token on Base (0x9d0e8f5b25384c7310cb8c6ae32c8fbeb645d083) following a +59.2% price pump on 2026-03-07, with a notable trading volume of $26.8M. The objective was to identify any suspicious trading activity preceding or coinciding with this significant market event.

Three wallets were flagged for their activity during the event: 0x3b18...7662 ("High Balance"), 0x2f24...0122 ("High Activity"), and sanuxo.eth (0x2e32...7d97). These wallets executed buy orders totaling $211.0K, $246.9K, and $142.9K respectively. However, forensic analysis indicates all these transactions occurred at T-0 hours relative to the price surge, meaning no discernible trading advantage was observed prior to the market movement.

While the investigation noted that "High Balance" and "High Activity" shared 8 common counterparties, and all three identified suspects are labeled entities, the critical evidence points towards a lack of pre-pump activity. The "timing advantage" metric scored 0/100, and "volume concentration" also registered 0/100 due to insufficient data. Furthermore, the reported profit magnitude for the top suspect, sanuxo.eth, showed a 0% return despite a $135.8K PnL, which does not suggest a clear manipulative profit motive.

Based on the current on-chain data, the investigation found limited evidence to establish a clear pattern of coordinated trading or front-running associated with the Derive (DRV) price pump. The absence of a timing advantage for the flagged wallets, combined with low scores for critical metrics, prevents a definitive conclusion regarding illicit activity.

TL;DR

DRV's +59.2% pump lacked clear pre-pump trading. Suspects bought at T-0. Shared counterparties noted, but verdict rem...

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$DRV — INCONCLUSIVE | The Snitch